Antitrust Law Daily Wrap Up, ACQUISITIONS & MERGERS NEWS: EC approves Apollo Management’s acquisition of Acoreana Seguros, (May 24, 2016)
Organizations Mentioned:Acoreana Seguros | Apollo Management | Artsana | Catelli | Investindustrial
By Michael Menzhuber, J.D., LL.M.
The European Commission (EC) has approved under the European Union (EU) merger regulation the acquisition of Acoreana Seguros of Portugal by affiliates of Apollo Management of the United States, the agency announced.
Apollo Management is a private equity investor active globally in various sectors. Acoreana Seguros is an insurance company in Portugal.
The EC concluded that the proposed acquisition would not raise competition concerns because of the very limited overlaps between the activities of the companies.
Artsana. The EC also has approved under the EU merger regulation the acquisition of joint control over Artsana, an Italian company, by Investindustrial of the U.K. and Catelli of Italy.
Artsana, which is currently solely controlled by Catelli, sells baby care, health, and beauty products. Investindustrial invests in medium-sized companies predominately in Southern Europe.
The EC concluded that the proposed acquisition would not raise competition concerns because the overlaps between the activities of Artsana and Investindustrial’s portfolio companies are very limited.
Companies: Acoreana Seguros; Apollo Management; Artsana; Catelli; Investindustrial
News: AcquisitionsMergers Antitrust